Doing Business in - JHI

Doing Business in
Liechtenstein
Valuation of Assets
Formation and organisation expenses
If provided for in the statutes, bylaws, articles, etc., or by
resolution of the company’s supreme body, formation
and organisation expenses may be deferred and
amortised over a period not exceeding five years.
Fixed assets
Real estate, property, buildings, machinery, equipment
and vehicles must be carried at not more than cost less
appropriate provision for depreciation. If these assets are
Expenses arising from expansion or reorganisation of the
business may be treated in the same way.
insured, the total amount covered must be indicated in
the balance sheet or in the notes.
Intangible assets
Patents, trademarks, know-how, and similar intangibles
must be stated at not more than cost less appropriate
amortisation (usually over five years).
Inventories
Raw material, work-in-progress and finished goods must
be valued at amounts not exceeding the lower of cost or
market. Cost includes related interest and other
expenses incurred, which may be capitalised. Market
price may be actual quotations if available (e.g. for
commodities) or net sales price less appropriate sales
expenses.
Quoted securities
Carrying value must not exceed the lower of cost or the
average price during the most recent month. Cost may
include related capitalised interest.
Unquoted securities
Non-marketable securities, e.g., investments in affiliated
or associated companies, must be carried at not more
than cost adjusted for any diminution in value. Accrued
income (dividends already declared or current interest)
may be taken into account.
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DOING BUSINESS IN LIECHTENSTEIN